Lowest brokerage charges in India
Brokerage is one side of cost — statutory charges (STT, exchange, SEBI, stamp duty, GST) and DP charges sit on top. This ranking computes the headline brokerage on a sample basket — one ₹1L delivery trade, one ₹1L intraday trade, and 5 options lots — on each broker's default plan, then sorts ascending.
Computed brokerage only (not statutory) on a sample basket of: 1× ₹1,00,000 delivery + 1× ₹1,00,000 intraday + 5× options lots, using each broker's default plan. DP charges excluded — they are flat per scrip and don't differ much across brokers.
- #1
Flattrade comes to ₹0.00 brokerage on the sample basket, with equity delivery free on its Zero Brokerage plan.
Sample-basket brokerage₹0.00 - #2
Shoonya comes to ₹30.00 brokerage on the sample basket, with equity delivery free on its Flat ₹5 plan.
Sample-basket brokerage₹30.00 - #3
Stocko comes to ₹63.00 brokerage on the sample basket on its Lite (Per Trade) plan.
Sample-basket brokerage₹63.00 - #4
Sahi comes to ₹70.00 brokerage on the sample basket on its Flat ₹10 plan.
Sample-basket brokerage₹70.00 - #5
m.Stock comes to ₹70.00 brokerage on the sample basket on its Flat ₹10 plan.
Sample-basket brokerage₹70.00 - #6
Indiabulls Securities comes to ₹77.00 brokerage on the sample basket on its ₹11 cap plan.
Sample-basket brokerage₹77.00 - #7
ProStocks comes to ₹90.00 brokerage on the sample basket, with equity delivery free on its Flat ₹15 plan.
Sample-basket brokerage₹90.00 - #8
TradeSmart comes to ₹105.00 brokerage on the sample basket on its Power Plan.
Sample-basket brokerage₹105.00 - #9
Zerodha comes to ₹120.00 brokerage on the sample basket, with equity delivery free on its Flat ₹20 plan.
Sample-basket brokerage₹120.00 - #10
Dhan comes to ₹120.00 brokerage on the sample basket, with equity delivery free on its Standard plan.
Sample-basket brokerage₹120.00
Lowest brokerage charges in India — charges compared
| Broker | Account opening | Demat AMC | Delivery | Intraday | Options | Sample-basket fee |
|---|---|---|---|---|---|---|
| Flattrade | ₹200 + GST one-time trading account opening charge (no separate demat opening fee) | ₹0 (DP AMC nil) | Free | Free | Free | ₹0.00 |
| Shoonya | ₹0 | ₹0 for individuals (₹900 a year for corporate, trust and LLP accounts) | Free | ₹5 / 0.03% | Flat ₹5 | ₹30.00 |
| Stocko | Trading account Rs. 200; demat account opening NIL | Rs. 200 + 18% GST per annum from 2nd year (1st year free) | ₹9 / 0.1% | ₹9 / 0.01% | Flat ₹9 | ₹63.00 |
| Sahi | Free (zero account opening charge) | Zero (no demat AMC) | ₹10 / 0.05% (min ₹10) | ₹10 / 0.05% (min ₹10) | Flat ₹10 | ₹70.00 |
| m.Stock | Rs 0 (no account opening charge) | Rs 0 with the one-time Rs 999 lifetime-free-AMC plan; otherwise a standard demat AMC applies | Flat ₹10 | Flat ₹10 | Flat ₹10 | ₹70.00 |
| Indiabulls Securities | Zero (free account opening) | ₹25 + GST per month (₹300 + GST per year) | ₹11 / 2.5% | ₹11 / 2.5% | ₹11 / 2.5% | ₹77.00 |
| ProStocks | Rs 0 (free for both trading and demat account) | Rs 0 (zero AMC) with Rs 1,000 one-time refundable deposit | Free | Flat ₹15 | Flat ₹15 | ₹90.00 |
| TradeSmart | Free for equity/F&O/currency trading + CDSL demat; MCX commodity segment activation costs an extra approx. ₹200 | Nil first year, then ₹300 per year | Flat ₹15 | Flat ₹15 | Flat ₹15 | ₹105.00 |
| Zerodha | Free for resident individual and minor accounts (online); NRI, Partnership/LLP/Corporate accounts ₹500; HUF free online / ₹500 offline | First year free for new resident individuals; non-BSDA ₹300/year + GST from year 2; BSDA tiered (free up to ₹4 lakh) | Free | ₹20 / 0.03% | Flat ₹20 | ₹120.00 |
| Dhan | Rs 0 for Individuals and HUFs | Rs 0 (lifetime zero AMC) for Individuals and HUFs | Free | ₹20 / 0.03% | Flat ₹20 | ₹120.00 |
Plug your typical trade values into the brokerage calculator for the exact landed cost. Open the brokerage calculator.
Related rankings
Frequently asked
What people ask about lowest brokerage charges in india.
On a typical retail basket the cheapest brokers in India tend to be Zerodha, Dhan, Upstox and Groww — each at flat ₹20 or below on intraday and options. The exact ranking flips depending on what you trade and how often. Use the calculator on each broker page to compute your specific landed cost.
Several discount brokers charge ₹0 brokerage on equity delivery — including Zerodha, Dhan, Paytm Money, m.Stock, Bajaj Broking and Jainam, among others. "Zero brokerage" covers only the broker's own delivery fee: statutory charges (STT, stamp duty, exchange and SEBI fees, GST) and a DP charge on every delivery sell still apply, so no delivery trade is entirely free. The brokerage calculator on each broker page breaks out exactly what you pay.
No. Brokerage is just the broker's fee. Total trading cost includes STT, exchange transaction charges, SEBI turnover fee, stamp duty, GST on brokerage + transaction charges + SEBI fee, and DP charges (on sell side). On a typical retail trade, statutory charges are often larger than brokerage.
Most discount brokers charge a flat fee per executed order (typically ₹20) or a small percentage of turnover (typically 0.03%–0.1%), whichever is lower. Some charge per lot for options. Full-service brokers charge a percentage of turnover with no flat cap, which makes them dramatically more expensive on large trades.
Not always. For high-frequency traders, brokerage savings matter more than anything else. For low-frequency investors, the app, support and reliability outweigh ₹5 of brokerage difference per trade. Match the broker to your trading style, not just to the headline fee.